Market Overview

UPDATE: ABG Sundal Collier Reiterates Buy Rating, Raises PT on Autoliv

Related ALV
Morgan Stanley Cuts Estimates Again For Autoliv
Auto Sector Shrugs Off Largest Recall In History

In a report published Friday, ABG Sundal Collier reiterated its Buy rating on Autoliv (NYSE: ALV), and raised its price target from $72.00 to $75.00.

ABG Sundal Collier noted, “We reiterate our BUY rating but raise our target price to USD 75 (72) as 2013e metrics get a higher weight in our model. Changes to our estimates are limited at -1-3% on EPS for 2012e-2013e with lower light vehicle production estimates in Europe as OEMs reduce inventories as the main negative factor. Our positive stance comes partially from our view of Autoliv's ability to grow sales and earnings being underappreciated, but mainly due to the opportunity for improving capital efficiency. Autoliv reports Q3 on 23 October.”

Autoliv closed on Thursday at $64.40.

Latest Ratings for ALV

DateFirmActionFromTo
Oct 2014SusquehannaInitiates Coverage onNeutral
Oct 2014Deutsche BankMaintainsHold
Sep 2014ExaneInitiates Coverage onOutperform

View More Analyst Ratings for ALV
View the Latest Analyst Ratings

Posted-In: ABG Sundal CollierAnalyst Color Price Target Analyst Ratings

 

Related Articles (ALV)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional